The dirty little secret about downtown Boston condo bidding wars
Here’s the dirty little secret of how some of listing agents handle multiple offers. They just grab one and kiss off the rest – which isn’t good for the sellers, it’s not good for the losing buyers who might have made a better offer if there was a highest-and-best round, and it’s not good for the buyer-agents who should have the right to compete fairly to sell the home.
But the listing agent gets to go back to sleep, so there’s that.
The most common response? “I just did what the seller wanted to do”. But isn’t their job to advise them of a way to create a fair competition that could get them a better offer and more money? I think so.